625 TALBOT STREET, St. Thomas

$325,000

For sale: Other

Other at 625 TALBOT STREET, St. Thomas
Property type
Sale Of Business
MLS®
MLS® X13583974
Neighbourhood
St. Thomas

A fantastic opportunity to own an established, independent restaurant in downtown St. Thomas. Known as "The Bistro" since 2015, this hotspot has been a successful restaurant location for over 23 years. This is a business-only sale, making it an affordable, turnkey setup for a new owner or chef to step right in and start cooking from day one.The clean, beautifully maintained 3,500+ sq. ft. space is fully licensed under the LLBO and comfortably seats 116 guests. With no franchise fees, you have 100% control over your menu, branding, and hours. The business operates 7 days a week with a highly competitive lease in place until May 2027 at just $3,200.00 + HST/month.All commercial kitchen equipment, furniture, and fixtures are included in the purchase price.

Sold data

Homes in St. Thomas — recent sold market

Homes in St. Thomas took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 148 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $527,450.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$527,450
Sale-to-list ratio
97.5%
Sold above asking
11%

Based on 148 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in St. Thomas

St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.

Rated schools
16
Elementary
12
Secondary
4
Average rating
5.2 / 10

Top-rated schools in St. Thomas

  • Eva Circe-Cote FI — elementaryFraser rating 7.1/10
  • Southwold — elementaryFraser rating 6.8/10
  • Pierre Elliott Trudeau FI — elementaryFraser rating 6.5/10
  • St. Joseph's — secondary, St ThomasFraser rating 6.5/10
  • Lockes — elementaryFraser rating 6.2/10
  • Parkside — secondary, St ThomasFraser rating 6.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 625 TALBOT STREET